Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of RSU Activity

A summary of the RSU activity during the twelve month period ending December 31, 2024 is as follows:

	Twelve Months Ended December 31, 2024
	Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2023	—	$	—
Granted	4,760,521	$	4.82
Vested	(2,398,005)	$	5.47
Forfeited/Cancelled	(36,729)	$	—
Outstanding as of December 31, 2024	2,325,787	$	4.15

Schedule of Stock Option Activity

A summary of the Stock Option activity during the twelve month period ending December 31, 2024 is as follows:

	Twelve Months Ended December 31, 2024
	Stock Options	Weighted Average Exercise Price Per Option		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (in thousands)
Unexercised Options Outstanding as of December 31, 2023	—	$	—	—	$	—
Granted	385,000	5.43		4.9	146
Options Exercised	—	—		—	—
Forfeited/Cancelled	—	—		—	—
Unexercised Options Outstanding as of December 31, 2024	385,000	5.43		4.9	146
Exercisable at December 31, 2024	17,091	$	5.23	4.9	$	8

Schedule of Weighted Average Assumptions

The fair value of time-based and performance-based stock options was estimated using the following weighted-average assumptions:

	Year Ended December 31,
	2024
Risk-free interest rate	4.15	%
Expected volatility	57.72	%
Expected term (in years)	3.65
Expected dividend yield	—	%